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The UK’s second-largest housebuilder Persimmon has pushed up forward sales by 11 per cent since the start of the year compared with a year ago, saying its performance was “supported by the resilience of the UK economy”.

Ahead of its AGM on Thursday, the FTSE 100 group said its forward sales were £2.56bn since January 1 for 8,928 new homes, with the average sale price of its private homes rising 4.1 per cent to £229,500.

“Persimmon’s operational performance continues to be excellent, with the group delivering higher volumes of newly built homes in local communities across all our regional markets,” the company said, adding that lower land costs were helping it to boost margins.

Persimmon added that it would pay out a scheduled dividend of 110p a share on July 3 as part of a long-term dividend plan set out in 2012, bringing the total paid out under the plan to almost £1.5bn.

Ahead of the AGM two proxy advisers have urged protest votes on pay at Persimmon, with Glass Lewis, one of the two largest, arguing that management targets relating to payouts to shareholders under the long-term incentive plan (LTIP) should have shifted as dividend payouts were increased.

Copyright The Financial Times Limited 2017. All rights reserved.
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